Daily Stock Market News Snippets- 7 June 2022

Markets – Global & India

• US Markets were up by around 0.05% to 0.40%.
• The Brent Crude Oil price is currently at $120 per barrel,
• The US 10-Year G-Sec Yield is at 3.04% while India’s 10-Year G-Sec Yield is at 7.50%.
• India’s Market Cap to GDP ratio currently stands at 108%.
• Nifty PE ratio at 20.50 and Sensex PE ratio at 22.74.
• Rupee at 77.84 per dollar while US Dollar index at 102.48.

Global Economy:

• Germany faces a 5 billion Euros a year hit from Russian Gas sanctions.
• The US Mulls lifting some China tariffs to fight inflation.

Indian Economy:

• India’s 10-Year G-Sec at more than 3-year high level.
• Liquidity withdrawal is expected from RBI on 8^th June.
• India is in talks to increase Russian Oil Imports from Rosneft.

Company Update:

• Tata Motors to supply 10,000 Xpres-Ts in the largest ever EV fleet order from Blu-Smart.
• TCS sees a fall in staff attrition, and robust demand for IT services said Top Executive.
• Maruti Suzuki set up a 20 MWp solar power plant at the Manesar plant.
• Angel One Demat customer crosses 1 Cr. mark, base doubles in 12 months.
• Margin gains for Oil refiners amid Ukraine war led energy price hike, beneficial for Reliance Industries, MRPL, and Chennai Petro.